BCE Inc. logo BCE - BCE Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 7
HOLD 13
SELL 1
STRONG
SELL
0
| PRICE TARGET: $25.00 DETAILS
HIGH: $25.00
LOW: $25.00
MEDIAN: $25.00
CONSENSUS: $25.00
UPSIDE: 26.65%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 40% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Undervalued Strong
Trading 72.4% below fair value
Current Price $19.74
Bear Case $57.25 190.0% upside ($57.25 - $19.74) / $19.74 = 190.0% $4.77 × 12x P/E
Fair Value $71.56 262.5% upside ($71.56 - $19.74) / $19.74 = 262.5% $4.77 × 15x P/E
Bull Case $85.87 335.0% upside ($85.87 - $19.74) / $19.74 = 335.0% $4.77 × 18x P/E

Adjust Assumptions

15.0x
4.77$

Key Value Driver

Normalized P/E multiple (15x base case)

Implied Market Multiple 4.1x

Plain-Language Summary

Applying a 15x P/E to adjusted EPS of $4.77, the base-case value is $71.56 per share.

Analyst Consensus (External Reference)

Never blended into the bear/base/bull estimates above -- shown only as an outside comparison.

Average Target (21 analysts) $25.00
Analyst Range $25.00 – $25.00
Divergence from AlphaVal 186%

Warnings

ℹ Wall Street's average price target is $25.00 (from 21 analysts). Our estimate is 186% above the consensus -- consider that gap carefully.
ℹ Financial statements were converted from CAD into USD using USDCAD at 0.7037 USD per CAD.

Key Risks

  • Growth DCF inappropriate — terminal value assumptions dominate
  • EV/EBITDA misleading for regulated businesses where capex is mandated
  • Regulatory risk is a fat tail not visible in normal multiples